Business News
Indonesia Exports Thousands of Tons of Gravel, a Commodity in High Demand in the United States and Japan
Gravel is one of Indonesia's major export commodities. According to the Indonesia Statistics (Badan Pusat Statistik/BPS) 2020–2024 Export Commodity Analysis, in 2024, the value of Indonesia's gravel exports reached USD 55.3 million (around IDR 900 billion). Over the past five years, the value of gravel exports has grown relatively stable.…
Indonesia and ASEAN Aim to Complete Substantive ASEAN DEFA This Year
Indonesia, together with ASEAN member states, is targeting the substantive completion of the ASEAN Digital Economy Framework Agreement (DEFA) in 2025. The initiative, discussed at the 48th High Level Task Force on ASEAN Economic Integration (HLTF-EI) in Malaysia, seeks to harmonize digital economy regulations across the region to accelerate growth.…
MSME Business Matching Transactions Reach IDR 1.46 Trillion by July 2025
Over the course of seven months, the Ministry of Trade's business matching program for exporting micro, small, and medium enterprises (MSMEs) products has successfully recorded total transactions worth USD 90.04 million, or approximately IDR 1.46 trillion. This figure consists of purchase orders (POs) of USD 55.09 million and potential transactions…
Customs Encourages Aceh to Become a Transshipment Center and Gateway for Western Indonesia's Exports and Imports
The Customs and Excise Regional Office (Kanwil) is promoting Aceh Province as a transhipment hub and gateway for exports and imports in western Indonesia. This was conveyed by the Head of Customs and Excise, Arsal Efendi, in a Focus Group Discussion (FGD) on the Preparation of the Academic Draft for…
